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-B001- t1_j9tf8om wrote

Reply to comment by NovGeo in I give you...an 80% increase this time. Henrico County strikes again! by bagelpoop

I believe state law says that the assessment should be the estimate of the full market value of a property. https://law.lis.virginia.gov/vacode/58.1-3201/

So yea, the counties/cities are required to re-assess as the market values change.

They could lower the tax rate to compensate, but they do have to re-assess.

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